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Knightscope (Nasdaq: KSCP) Sells 16 More Machines with 3 New Contracts

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Knightscope, Inc. (Nasdaq: KSCP) announced the acquisition of three new contracts for a total of 16 autonomous security machines, including 13 K1 Blue Light Towers and 3 Retrofit Kits. This expansion includes clients from Georgia and Texas educational institutions, highlighting the education sector as a growth area. The K1 devices enhance campus safety by utilizing cellular, satellite, and solar power for reliable emergency communication. Knightscope aims to establish secure environments for educational institutions, aligning with its mission of enhancing public safety across the U.S.

Positive
  • Secured 3 new contracts adding 16 autonomous machines, indicating strong demand.
  • Expansion into education sector with clients in Georgia and Texas.
  • The K1 Blue Light Towers improve safety and reduce costs for colleges.
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Public Safety Innovator Continues to Focus Efforts on Rapid Growth

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, today announces 3 new contracts totaling 16 new machines. The contracts consist of 13 new K1 Blue Light Towers and 3 K1 Retrofit Kits. Two of the new clients are colleges in Georgia and Texas, which marks education as a significant growth sector for the Company.

Knightscope (Nasdaq: KSCP) Sells 16 More Machines with 3 New Contracts (Graphic: Business Wire)

Knightscope (Nasdaq: KSCP) Sells 16 More Machines with 3 New Contracts (Graphic: Business Wire)

The dangers and security issues specific to scholastic communities include threats of targeted violence, bomb threats, and cyberattacks. With tragedies spanning decades, states, and communities, safety is still a leading concern across the country, having an adverse effect on the health and well-being of those seeking quality education as well as the teachers, professors and faculty responsible for providing it.

Knightscope’s K1 Blue Light Emergency Towers and emergency communication Retrofit Kits serve to deter potential negative activities using cellular and satellite communications with solar power to provide additional safety in remote locations. These newer, more advanced wireless systems will save colleges money on both infrastructure and hardware costs, while improving reliability on a modern communication network.

Knightscope’s Autonomous Security Robots and Blue Light Emergency Communications are key to providing a completely secure environment for giving and receiving education. Click here to read Knightscope’s top five recommendations for safer schools, or book a call or demo online now with one of our experts at www.knightscope.com/discover and discover more about how Knightscope helps protect the places people live, work, study and visit.

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

Forward-Looking Statements

This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” ”proposes” and similar expressions. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended Dec. 31, 2021. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements except as may be required by law.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

Source: Knightscope, Inc.

FAQ

What new contracts did Knightscope (Nasdaq: KSCP) announce?

Knightscope announced three new contracts for a total of 16 machines, including 13 K1 Blue Light Towers and 3 Retrofit Kits.

How do Knightscope's products enhance safety in educational institutions?

Knightscope's K1 Blue Light Towers provide emergency communication and deterrent capabilities, enhancing safety in educational environments.

Which states are the new Knightscope clients located?

The new clients are located in Georgia and Texas.

What is the significance of Knightscope's expansion into the education sector?

The expansion signifies Knightscope's strategic growth in a sector that is increasingly focused on addressing security concerns.

Knightscope, Inc.

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